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what washington needs to crack the whole fiscal cliff thing wide-open. all i'm saying is i think it has the power to bring people together simpson style. that's it for us. thanks for watching. "early start" begins now. >>> new this morning, tanks and personnel carriers stationed outside the presidential palace in egypt, clashes turning deadly overnight. rage at the new leader fears he may become the old leader. we're live from outside the palace in 30 seconds. >>> plus new reports that syria is putting chemical components in bombs. the details, straight ahead. >>> as of this morning for the first time in the history of our country, it is now legal to smoke pot for recreational purposes in a state and we are there for the pot party. good morning, welcome to "early start." i'm christine romans in for john berman this thursday morning. >> i bet you never thought you'd say that, live at a pot party. >>> good morning to you, i'm zoraida sambolin, 5:00 a.m. in the east here. >>> tension has quickly turned to deadly violence in egypt. this morning, tanks and armored personnel carriers are guar
speaker, john boehner, both expressing optimism on those fiscal cliff negotiations in washington. the dow rallied 100 points yesterday off of those comments. how many times have you heard me say congress will mess it up. >>> goldman sachs ceo met with the president and others yesterday for those fiscal cliff talks. listen to what he told wolf blitzer when asked if taxes should be raised on those making more than $250,000 a year. if that's what it takes to make the math work when you look at entitlement side and revenue side, i wouldn't preclude that. of course we would have to do that if the numbers drive that way. >> he said america can't afford itself right now the way we're going. fiscal cliff talks today continue with geithner making the rounds on capitol hill. later this morning, third quarter gdp expected to be revised higher. economists expect gdp for july to september to be revised from 2% to 2.8%. that would be good news. this is still modest growth. everyone hopes that next year will be a better year than this one in terms of growth. you want to see more than 2.5% growth consist
tonight. >>> how do you profit from the fiscal cliff talks in washington? we'll have that trade, and it could put extra money in your wallet, whether the lawmakers reach a deal or not. >>> up next, the head of prudential pl sits down with me. we'll talk business globally. stay with us. >>> time to toast today's close with this. more and more shoppers are using their mobile devices to buy. mobile purchases were up more than 16% on black friday from a year earlier, according to ibm. so which device generated the most in mobile sales? a, the ipad. b, the android, or c, the iphone? find out next. music is a universal language. but when i was in an accident... i was worried the health care system spoke a language all its own with unitedhealthcare, i got help that fit my life. information on my phone. connection to doctors who get where i'm from. and tools to estimate what my care may cost. so i never missed a beat. we're more than 78,000 people looking out for more than 70 million americans. that's health in numbers. unitedhealthcare. can i help you? i heard you guys can ship ground
over the so-called fiscal cliff, and in washington it is a standoff between the democrats and the republicans, each side arguing it's the other guys holding up the process. >> if congress does nothing, every family in america will see their income taxes go automatically up vaer 1st. >> many of us feared the president's real plan here was to let us go over the cliff and blame the republicans, and that's what we look like we're being set up to do, and then if you go over the cliff, then two months later or a month later the president can come back with a bill and say, hey, we're going to now, since the republicans let everyone's taxes go up, i'm going to ride in here now and be theshining armor and lower taxes on the lower two brackets. >> whether it's tax increases or cuts to government programs, come january 1st the situation in your wallet won't be all the same. here to sort it all is bloomberg tv anchor trish regan. the president has drawn a line, no tax increases on the line, means no deal from the white house. do you think this is an insurmountable challenge for the re
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on how you could go about getting a debt deal in washington. up next, from burritos to the fiscal cliff, a little food for thought in our american made series. we have the president of moe's southwest grill. "squawk box" is back right after this. >>> checking the futures now, they will probably see a bit of an opening move higher. see if anyone talks. today more on what's moving the markets this morning frin a coue of minutes. peter is very quick on the gun, as you can see. i think i saw it from peter that mitch mcconnell was laughing yesterday and i saw boehner. comes out immediately. at the end of the week he goes back and says this is what was good about the week this is what was bad. we will get the comments firsthand. >> are american made company today is sizzle. 2012. pretty spicy profits. paul davaco, president of moe's southwest grill joins us. good morning, paul. >> good morning. how are you? >> let's talk about how -- how is business and what is -- how business is at your franchise and your company telling us about the health of the consumer? >> the business today could not be
great. we could use a little of that in washington, we might get the fiscal cliff resolved. >> great point to make. tom, good to have you on the program. thanks so much. >> nice to be here. >> thomas wilson joins us, the chairman and ceo of allstate. >>> up next, high-end dreams. we'll talk high-end real estate next. >>> later, sticker shock at the hospital. we're going over the fiscal cliff. will that coupled with obamacare kicking in sent your hospital bills through the roof? i'll talk with the head of one of the biggest hospital groups in the city. stay with us. back if a moment. [ male announcer ] this december, remember -- ♪ you can stay in and like something... ♪ [ car alarm deactivates ] ♪ ...or you can get out there with your family and actually like something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout.
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today, you know, what's going on in washington and, you know, with this fiscal cliff and, you know, what the impact will be of it. >> well, it's an important point. how is the project funded? where did you source the funding for the development? >> that's one of today's challenges. you don't get to the same costs you would typically get them. it requires more equity and piecing together the banks to put together a loan of the size needed for this. probably our greatest challenge would be -- because we're looking to build. this is only 1,700,000 square feet, in the first phase 6 1/2 million, where's the rest of the capacity to come from for the construction loans that we need? >> the banks were the first source? >> yeah. >> and we're looking at other sources going forward that are kind of unconventional. you have to think outside the box. >> oh, definitely. >> in order to do a job like this today. >> what kind of unconventional sources? >> well, you have a lot of these public reits, you know, that are looking for greater yields, so it's the whole period, i don't know how you do constructi
more focused on washington, on the whole policy issues around the fiscal cliff because they are trying to figure out their spending plans guessing what taxes will be. businesses are focused on if they spend x and taxed at y what's that going to leave them in terms of profitability. degree of which businesses have come off a really good four years where the rest of us have come off a more problematic four years. finally in this quarter partly because of the fiscal cliff, partly because of europe, partly because of slow down in china profits are more challenging for companies. but they are still making a lot of money. >> "wall street journal" study of 40 major companies half plan drastic cuts to their investments and spending into next. once a budget deal is reached, i mean whatever it is, do you think we'll see companies loosen their wallet? is there a bigger chance they will slow down more? >> part of this is contingent how well consumers do. companies will spend money if there's this active healthy consumer base that justifies them spending money for more activities. so, at some point
this picture. we're wait fworg the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hike will destroy jobs, allow washington to spend more. as you all know, john boehner put an $800 billion tax hike as a center of his proposal. so john boehner got rejected from the white house, which wants another $800 billion on top of that in tax hikes and then rejected by the right wing of his own party which wants absolutely no tax
is warning republicans not to use the fiscal cliff as a borrowing limit. both sides seem to be digging in their heels with no move to avoid the fiscal cliff. fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising revenue by closing tax loopholes not by raising rates own the wealthy as the president has demanded. >> we're not insisting on rates out of spite but rather because we need to raise a certain amount of revenue. >> we can't keep borrowing mown and raising taxes and expect the problem to go away. >> with no solution in sight the white house budget is now ordering the pentagon and other an an jencies to finalize their plan to avoid massive spending cuts. >> secretary of state clinton says nato's decision missiles to turkey sends a clear message that tour ski is backed by its allies. the big concern remains an increasely desperate assad regime will turn to chemical weapons as rebel fighting rages on. the u.s. and its partners are looking to apply additional pressure on at a conference next week. the regime insists they would not use wea
thing is for sure, fiscal cliff comments from washington have been having an impact. >> i would hope our friends on the other side can turn off the campaign. >> we could have prevented this crisis months ago. by just simply adopting what passed in the senate. >> president obama is meeting with high profile chief executive officers today to talk about country's fiscal issues. >> we're here to support doing the right thing and putting america back to work. >> we don't legislate but we know the consequences of a failure to reach an agreement. >> only way democracy works is through compromise at the end of the day. >> i'm optimistic we'll continue to work together. >> our ultimate goal is an agreement that gets long-term deficit under control in a way that is fair and balanced. >> stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we have said it. we've said it. we've said it so many
. the fiscal cliff, by the way, whatever comes out of washington at the end of the month or the beginning of the first quarter, whenever it is, it's an austerity plan. it's not a growth plan. they're cutting back. they're not adding at this point. what else? there are other things going on that could put a crimp on the markets. >> layoffs. >> it's the first year of a new presidential cycle, which traditionally is the worst year for the stock market in the four-year cycle. take that, mr. bull. >> all right. >> go ahead. >> a lot of cycle stuff doesn't work, right? the past performance is not indicative of future results. that's the first thing i'll say. number two, in terms of the whole fiscal cliff situation, what's going to end up happening is we need to better match revenues and expenses. we're running a business in america. corporate america, consumer america. now it's the government's turn. not a matter of if but when something gets done. whether it's some arbitrary dade of december 31st or they kick the can down the road to february or may 14th or whatever, they'll get the deal done.
. @ac360. >>> tonight, a familiar washington drama, the return of the towering fiscal cliff. good news is, democrats have put forward a deal. thank you. bad news is republicans hate it. both sides seem to be digging in. so is either side going to budge any time? raw politics ahead. americans believe they should be in charge of their own future. how they'll live tomorrow. for more than 116 years, ameriprise financial has worked for their clients' futures. helping millions of americans retire on their terms. when they want. where they want. doing what they want. ameriprise. the strength of a leader in retirement planning. the heart of 10,000 advisors working with you one-to-one. together for your future. ♪ who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers of the number one prescribed testosterone replacement therapy. it raises your testosterone levels, and... is concentrated, so you could use less gel. and with androgel 1.62%, you can save on your monthly prescription. [ male annou
washington as we keep our eye on fiscal cliff negotiations. we have an important profit warning today. shares of darden at a ten-month low after the restaurant operator cut its full year guidance. rachel rothman downgraded darden last month from positive to neutral with a $58 price target and joins us now on the cnbc newsline. thank you for joining us. i appreciate it. it's become a busy morning for you. >> thank you, simon. thank you for having us. >> what's gone wrong at darden? the ceo is saying we had promotions. they didn't resonate well. we need bolder changes at red lobster, olive garden and longhorn steakhouse. >> they spent the last couple years trying to repotool menus d change limited time offers in an effort to reengage with core customer and drive positive traffic. unfortunately the efforts that they unveiled to this point have yet to actually take hold and so they are issuing a disappointment here for the quarter and for the full year citing negative same store sales at their core brands. >> is that partly because of the delayed rolled out of olive garden changes or because they
the fiscal cliff. >> i will go anywhere and do anything it takes to get this done. it's too important for washington to screw this up. >> and john boehner, not to be outdone, put a little early present under the tree too. >> i'm optimistic that we can continue to work together to avert this crisis and sooner rather than later. >> these are pretty glum faces to deliver those presents. no smile from either one of them. but investors didn't care, they're excited about the present, the dow gained more than a full percent throughout the day. will we have a true christmas miracle? courtesy of those two. oh, let's hope that they don't wear those hats. i spoke this evening with republican senator john cornyn of texas, he's the republican whip and member of the finance committee, and i asked him what has he actually done to help get this deal done, not the night before, but before christmas. >> we have said that revenue, is something that the president said he needs, we have made the point that revenue is on the table. even if we were to conceive hypothetically, what the present has asked for,
convinced they are not going to come to an agreement on the fiscal cliff unless compelled to do so by an adverse external event like a sharply lower equity market. lou: and is, you know, i can't imagine a market ever going down as john is suggesting here simply because a government chooses not to function. >> well, if it means we're headed into recession, the markets will react. in a typical bear market, stocks sell off by 20%. it's great to have a compromise before the year end, but time is running out. it's not possible. lou: how is it that a treasury secretary responsible for the integrity of the markets, the currency, responsible, indeed, for the financial system of this country, largely, broadly, and internationally, would sink to the level of a political operative making statements about we're going over the fiscal cliff and we're ready to go. >> the president put him in charge of the negotiations from his point of view. lou: clever. >> he's wearing two hats at this point in time. consider here, yes, there's a big complicated negotiation that needs to take place, but there's
in the senate, or big influence over what his party does on the fiscal cliff or almost anything else. kristin, i wanted to ask you about cabinet choices because susan rice is at u.n. in her role as u.n. ambassador leading the u.s. argument on the palestinian vote on symbolic, nonmembership in the general assembly. but there were hearings again on the hill. we'll talk to joe lieberman in a moment. what is state of play whether the president is sticking with her in he did quite the show of support during the cabinet meeting yesterday at a photo op. >> reporter: he has publicly maintained that show of support. officials say that despite the fact that susan rice continues to come under fire from a number of lawmakers, including those woman she met this week say they have more questions after having met with her, senior officials tell me the president is not turning away from her, that he is still holding her up as a high possibility as one of his choices for secretary of state. of course the meetings go on the investigation goes on. senior officials tell me the president is standing by her, not only
this morning begins in washington where fiscal cliff negotiations according to the "times" has "collapsed." at least for now. with less than a month until the deadline, who blinks first if anyone? >> goldman takes dell from a strength to a buy. is it time to look at the stock and maybe even other players in the beat up personal computer sector? >> manufacturing data out of china. not bad. 50.6. that's the highest in seven months. although shanghai again trades lower even europe's pmi improves a touch in november. first up, we're one month away from the fiscal cliff and so far the white house and congressional republicans are still in disagreement over how to reduce the deficit and avoid a raft of tax hikes and spending cuts. yesterday our own jim cramer and maria bartiromo were on "meet the press" and cramer had a message for fellow panelists and father of the anti-tax pledge, grover norquist. >> most ceos are republican. they're on board. they're not on board with you. they're not on board with you because they fear your view. they think you do not favor going -- you favor going over the
the deadlock over the fiscal cliff. take a listen. >> it's groundhog day. who's playing bill murray? and i mean, such a repetition. it's the same players at the same seats at the table with same doctrine and so, you know, where this goes -- i think anyone who thinks they know is wrong. >> so what does your gut tell you? anyone who thinks they know where this is going is wrong. go to facebook.com/newsnation to cast that vote. that does it for this edition of "news nation." see you tomorrow. "the cycle" is up next. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. i am the ghost of cookies past. residue. so gross. well you didn't use new pam, so it looks like you're "stuck" with me. [ female announcer ] bargain brand cooking spray leaves annoying residue. that's why there's new pam. starts with arthritis pain and a choice. take tylenol or take aleve, the #1 recommended pain reliever by orthopedic doctors. just two aleve can keep pain away all day. back to the news. >>> lauren wanted to int
as democrats and republicans dig in and ramp up the rhetoric on the fiscal cliff. house speaker john boehner and senate majority leader harry reid trading jabs before the cameras on capitol hill. >> going over the fiscal cliff is serious business. and i'm here seriously trying to resolve it. and i would hope the white house would get serious as well. >> speaker boehner made very clear at his press conference that he thinks the ball is in your court and the president's court. he says democrats have got to get series about spending cuts. where is the disconnect? >> i don't understand his brain so you should ask him. okay? >> reid making those comments to our own kate bolduan. i'm joined by dan lothian. dan, we're learning more about the white house plan to deal with the fiscal cliff. break it down for us. >> reporter: right. this is the plan that secretary -- treasury secretary timothy geithner took up to capitol hill yesterday. it calls for $1.6 trillion in tax increases over a ten-year period more than republicans had anticipated. in addition to that, $400 billion in spending cuts that will
. this is alan simpson. ♪ yep. that maybe the most action the fiscal cliff saw today. here's the scene on capitol hill at noon. yep, people leaving. members of congress leaving washington, heading home on wednesday afternoon. one man left standing was the house speaker and he says i'm not going anywhere. >> i'll be here and i'll be available at any moment to sit down with the president to get serious about solving this problem. >> but of course, it takes two to tango, so where does president obama stand? >> we can probably solve this in about a week. it's not that tough. >> it's not that tough. he's absolutely right about that. but we heard early this evening that the president and speaker boehner did speak late today on the phone, so that's good news, but in this case, they need face time. they need to spend real time face to face. even democrats think the president needs to do more in person work on this. >> the president is not somebody who he's prioritizing evenings with his family instead of going down and having a bourbon on the rocks with some of the congressional folks. >> sometimes thoug
've got a fiscal cliff now. we have the fiscal abyss next year. we need to say, don't come home. no deal, no break. members should be in washington at least five days a week like every other american and not leave until they deal with the fiscal cliff this year or until we get a grand bargain next year. they would pull off seven times more days -- >> david faber tweeted this morning that they should be locked in a room and forced to listen to the animal orchestra until they have a deal. >> david faber's hair. >> you put them in a room. you tell them they're going to sit there until the deal is done. day three, no more food. day five, no water. day seven, the waterboarding begins. that would get it done. >> and the president should be there, too. >> the president does work five days a week. >> but not in the same room. but he is home. he's already home. >> but listen, they spend too much time raising money. if they did a good job, they wouldn't have to raise as many money. if they got paid for performance, they wouldn't have any money. >> are you going to run for linda mcmahon's seat? >>
for this country to lead. this is an opportunity for the president to lead. >> as fiscal cliff negotiations and debate continues, i think it's important to remember that washington doesn't have a revenue problem. it has a spending problem. under this administration under president obama we have seen record deficits and a record debt accumulate and yet he keeps demanding that we raise taxes -- >> those are some of the republican leadership in the house as you can see responding to the white house's response to their counteroffer of a couple days ago as a reminder the president is going to speak to the business roundtable at 10:50 this morning. we think he'll take some questions even as gop leadership is meeting with small businesses as negotiations or lack thereof over the fiscal cliff continue. >> did you see that the nbc white house team is reporting the belief that perhaps the republicans don't have the fight in them anymore to really dig in now on the concessions on the way which is good news if you don't want to go over the fiscal cliff but they are dispelling the real argument for late
. >> welcome back. >> yesterday the white house fiscal cliff proposal made top senate republican mitch mcconnell laugh, we are told. >> today the rhetoric continued. eamon javers breaks down all the hardball offers and the reactions in washington. over to you, eamon. >> hi, guys. we got a lot going on here in washington this week. a lot of horse trading. we dealt with a lot of the spee speech. the white house is saying they'd like to see $1.6 trillion in tax increases up front here. they'd like to continue the payroll tax credit. they want a permanent increase in the debt limit and a one-year extension of expanded jobless benefits. they want at least $50 billion in spending as a stimulus to the economy. that was the white house ask that prompted that laugh from mitch mcconnell when tim geithner gave it to him yesterday. today in an interview with "the wall street journal," mcconnell floated his own balloon of what he'd like to see. here are some of the elements. mcconnell saying they want changes to entitlement eligibility. they would agree to more tax revenue, yes, but not higher rates.
single day percentage loss in four years. is it still a buy? and then the fiscal cliff blame game, new data on who americans blame for the gridlock in washington plus is congressional leadership holding up negotiations in d.c.? former senator, co-chair of the campaign to fix the debt judd gregg is here with his take on that. the death cross is on for what was once the favorite name apple, shares rebounding back to 547. is this finally the opportunity to get in? alex gauna is an analyst with jmp securities. good to have you with us. >> good morning, thank you. >> a lot of discussion how technically some defenders say apple is exacting exactly as it should. do you see it that way? >> technically i think the dangerous thing is this stock forms a head and shoulders and i don't know where the support comes in, somewhere in the 400s. that's a key risk to the stock. i focus on the fundamentals. it's worrisome in the near term for apple. when there's a lot behind that, the relationship with samsung the frenemy relationship has gone to enemy. also the closing competitive gap between apple and r
nancy. and it makes sense, the fiscal cliff nears, only 26 days away, many have thrown in the towel on this being the most wonderful time of the year. however, don't lose all hope. while we wait for washington to rise above and enjoy the long weekend, remember, no vacation without legislation. you can get a head start preparing your portfolio for whatever lies ahead, making sure you're diversified, keeping your chin up, your homework going, you call, you tweet me @jimcramer. you tell me your top five holdings and i'll tell you if your portfolio is diversified enough or if you need to mix it up a little. let's start with a tweet. tonight from @tomes521, who writes, clean energy fuel, cisco, groupon, broadcom and -- santander. wow, am i diversified. you can be diversified but also be really -- have some really bad stocks, and, oh, doctor. anyway. all right. groupon, i got the mani pedi coupon this morning, i wanted to leave "squawk on the street" because they offered me three in one day for half value. but i don't know what it is, so i stayed and did the job. santander, spanish bank,
-x.com. >>> signs of compromise in the clash over the fiscal cliff. meanwhile president obama puts pressure on republicans to extend tax cuts for the middle class. >> it's too important to washington to screw this up. >> twin winners, a pair of winning tickets are sold in last night's record setting powerball
Search Results 0 to 31 of about 32 (some duplicates have been removed)